https://www.taxtmi.com/caselaws?id=430182 The High Court quashed a Show Cause Notice issued under Section 53 of the Benami Property Transactions Act, 1988, as amended by the Act of 2016, relating to transactions predating the amendment. Relying on the Supreme Court's ruling in a similar case, the Court held that the Act's criminal provisions should not be applied retrospectively. The Court emphasized the importance of constitutional principles and declared the Notice invalid, allowing the petitioner's writ petition. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 27 Feb 2023 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430182 The High Court quashed a Show Cause Notice issued under Section 53 of the Benami Property Transactions Act, 1988, as amended by the Act of 2016, relating to transactions predating the amendment. Relying on the Supreme Court's ruling in a similar case, the Court held that the Act's criminal provisions should not be applied retrospectively. The Court emphasized the importance of constitutional principles and declared the Notice invalid, allowing the petitioner's writ petition. Case-Laws Benami Property Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430182